Jay Bharat Maruti Up On Strong Q1 Numbers

In early tradingJay Bharat Maruti (10:22 am), Jay Bharat Maruti is quoting at Rs 48, which showed an advancement of Rs 5.10 or 11.89%. The scrip has touched an intraday high of Rs 48.75 and an intraday low of Rs 42.90.

The company reported a net profit of Rs 15 crore (Rs 150 million) as against Rs 6.5 crore (Rs 65 million) in the same period of the last year. The quarterly result of the company showed an increase of 131%.

Today, it is trading with volumes of 11,655 shares as compared to its five-day average of 2,735 shares, an increase of 326.20%.

Yesterday the share gained 2.02% before closing.

Jay Bharat Maruti Limited’s main activity is the manufacture and marketing of auto components for automobiles. The Company makes sheet metal components, assemblies and sub-assemblies exhaust systems, fuel neck, axles etc. for a variety MUL models. The Company has also established CED painting plant aside from pressing, welding and plating facilities.